The proposed transaction entails providing unfunded risk sharing facility (RSF) to HSBC Bangladesh (the ‘Bank’) on a portfolio basis. The underlying portfolio will comprise of asset totaling US$200 million equivalent, which IFC will risk share on a 50:50 basis (i.e. maximum IFC exposure not to exceed US$100 million equivalent). The RSF will support the Bank to extend additional finance to its existing clients in sectors which have significant impact on the growth of Bangladesh economy and are also of strategic importance and relevance to IFC, namely Agribusiness, Power, Climate/Clean energy, RMG (Ready Made Garment) and Pharmaceuticals.
HSBC is incorporated in Hong Kong and its ultimate holding company HSBC Holdings PLC is incorporated in London. HSBC is one of the world's largest banking and financial services organizations. Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by more than 204,000 shareholders in 133 countries and territories.
Level 12, Shanta Western Tower,
186 Bir Uttam Mir Shawkat Ali Road,
Tejgaon I/A, Dhaka-1208, Bangladesh
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/